What are Federal Adjusted Qualifying Income Limits for calculating Recapture Tax?
They are limits that are set by statute each year and annually adjusted 5% after loan closing. To determine what the income limits are that affect you, you will need to know three things: 1. Your household size at the time the home is sold or transferred. 2. The year you purchased your home. 3. Whether your home is in a Targeted Area or not. 80% of homes will not be located within a Targeted Area. View the limits (PDF) if purchased your home in 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000. For limits prior to 2000, contact Lisa DeBrock at lisa.debrock@wshfc.org.
